Of all the bizarre tweets Elon Musk let loose Friday morning, one stands out because it might violate a fraud-related consent decree he agreed to that’s intended to control his social media behavior.
With auto sales slammed by COVID-19, Musk sticks to his vision of a beautiful future for Tesla. But what about cash?
The change was made after Musk tweeted forecasts about building 500,000 cars in 2019, without a lawyer’s review. A company attorney later corrected the tweet, making it 400,000. The actual production number for 2019 was 365,000.Musk argued the tweet wasn’t a violation because it wasn’t material information. The amended order, approved by a federal court, listed a variety of subjects that required vetting — but the word “material” was removed.
“Tweeting about stock price is not necessarily about the financial condition of the company, and it’s possible it doesn’t fall within the more specific settlement,” Park said.Just one stipulation on sale: I own Gene Wilder’s old house. It cannot be torn down or lose any its soul.The same goes for Tesla’s board of directors, one of the highest-paid boards in any industry and widely considered to be a rubber stamp for Musk.
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